Young Farmers Are at Risk

Bob Worth represents the Minnesota Soybean Growers Association on the American Soybean Association board. Citing a tough farm economy,  Worth said a rising number of foreclosures and mediation notices are happening in his state. “I lived those years in the 1980s and it’s not fun; young farmers are really going to hurt,” said Worth. “They don’t have the working capital; they don’t have the net worth; if they don’t have the backing of a really good banker, they’re going to be in serious trouble.” The Lake Benton farmer said that same scenario was played out during the farm crisis of the mid ’80s. “We lost a bunch of good, young farmers.”